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Last week on CoinPanel, we recommended an entry into THORChain’s RUNE, at around the $4 level. It entered our buy zone on March 9th, and since then, we have seen a massive 75% move on the coin, and that is in just five days. The price is currently trading at $7.00, and it is at a major resistance point, where we expect some selling pressure to be taking place.
We expect a possible retrace over the next couple of days, which could possibly set up an entry for the next level up. If the price gets to around $6.00 – $6.30, and holds, this will create an excellent entry-level for the next leg up to the next major resistance level at around $10.
RUNE has been very bullish over the last two weeks, and that’s in a market which has not got much clarity around direction as yet. We expect much more upside and we’re very bullish about RUNE over the next couple of weeks.